Andar Capital Management HK Ltd Invests $3.06 Million in Fabrinet $FN

Andar Capital Management HK Ltd purchased a new stake in shares of Fabrinet (NYSE:FN) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 8,400 shares of the technology company’s stock, valued at approximately $3,063,000. Fabrinet accounts for approximately 3.1% of Andar Capital Management HK Ltd’s holdings, making the stock its 8th biggest position.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Ashton Thomas Private Wealth LLC bought a new position in shares of Fabrinet in the 1st quarter worth approximately $203,000. Empowered Funds LLC purchased a new stake in Fabrinet in the first quarter worth $2,331,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Fabrinet by 4.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,444 shares of the technology company’s stock worth $15,691,000 after purchasing an additional 3,717 shares during the period. IFP Advisors Inc raised its holdings in Fabrinet by 10.9% in the second quarter. IFP Advisors Inc now owns 347 shares of the technology company’s stock worth $103,000 after purchasing an additional 34 shares in the last quarter. Finally, Concurrent Investment Advisors LLC lifted its position in Fabrinet by 9.1% during the second quarter. Concurrent Investment Advisors LLC now owns 1,611 shares of the technology company’s stock valued at $475,000 after buying an additional 134 shares during the period. 97.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Thomas F. Kelly sold 2,200 shares of the stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $464.14, for a total transaction of $1,021,108.00. Following the transaction, the director directly owned 18,789 shares of the company’s stock, valued at $8,720,726.46. This represents a 10.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Homa Bahrami sold 3,500 shares of Fabrinet stock in a transaction on Monday, December 1st. The stock was sold at an average price of $453.75, for a total value of $1,588,125.00. Following the completion of the sale, the director directly owned 18,316 shares of the company’s stock, valued at $8,310,885. The trade was a 16.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 28,151 shares of company stock valued at $12,643,707 in the last ninety days. 0.24% of the stock is currently owned by company insiders.

Fabrinet Stock Performance

FN opened at $496.92 on Friday. The company’s 50-day simple moving average is $476.17 and its two-hundred day simple moving average is $415.45. The stock has a market capitalization of $17.80 billion, a P/E ratio of 47.60 and a beta of 1.04. Fabrinet has a 52-week low of $148.55 and a 52-week high of $531.22.

Fabrinet (NYSE:FN) last released its quarterly earnings data on Monday, February 2nd. The technology company reported $3.36 earnings per share for the quarter, beating the consensus estimate of $3.26 by $0.10. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Fabrinet had a net margin of 9.69% and a return on equity of 18.69%. The firm’s quarterly revenue was up 35.9% on a year-over-year basis. During the same period in the previous year, the company earned $2.61 earnings per share. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. Research analysts forecast that Fabrinet will post 9.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Zacks Research upgraded shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. Wolfe Research upgraded shares of Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 target price for the company in a report on Wednesday, February 4th. Rosenblatt Securities restated a “buy” rating and issued a $550.00 price target on shares of Fabrinet in a research note on Tuesday, February 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $540.00 price objective on shares of Fabrinet in a research report on Tuesday, February 3rd. Finally, Barclays boosted their target price on Fabrinet from $537.00 to $548.00 and gave the stock an “overweight” rating in a report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $511.11.

About Fabrinet

Fabrinet is a global provider of advanced optical packaging and precision optical, electro‐mechanical and electronic manufacturing services (CEM). The company specializes in complex manufacturing processes for original equipment manufacturers (OEMs) in communications, data center, industrial, instrumentation and medical markets. Key capabilities include high‐precision fiber alignment, micro‐assembly, testing and diagnostics, and integration of electro‐optic subassemblies.

Incorporated in 2000, Fabrinet operates under a corporate structure headquartered in Singapore with additional regional offices and design centers in the Americas, Europe and Asia.